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20121207
20121207
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yesterday saying the white house is prepared to go off the fiscal cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frighted republicans that the debate is not just about raising taxes on the rich. >> the truth is everybody needs to take more taxes, not just the rich. that's a good start, but we're not going to get out of the deficit problem unless we raise taxes acss the board. to go back to what bill clinton had. >> now, some liberals pushed the president to invoke the 14th amendment claiming that gives him the executive power to raise the debt limit himself, but jay said today the white house studied that proposition and decided the president does not have that executive power meang we headed for another show down with congressver raising the debt ceiling. lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and fure all of this out, bui think we're ju
and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the highest level in five years, talk about a positive indicator for consumer purchasing. the dow jones industrial up 40 points, the s&p up five, and nasdaq rose 15.5 points. volume? a billion shares lighter than yesterday, but above the average of 3.1 billion trading on the board today. apple rebounded from yesterday's worst date performance in four years, a gain of $8.45 today with the ceo saying apple will move imac computer production to the country in the new year. garmin stock higher to replace rr donl
some focus on how hess could be next. united technologies will give us aw fiscal cliff update and a sense of how aerospace is doing now that goodrich, a premium supplier to 'o'space, is part of the family. on friday scotts miracle grow. endless excuse making for missed quarters. can they explain the poor execution? i'll listen, but frankly i doubt it. also on friday we get november industrial production and capacity utilization numbers. did november really matter or was it all sandy? i think prices were stagnant. but i want to try to figure out whether the new boom in cars and homes could impact industrial production and capacity utilization no matter what. i'm trying to understand the unemployment number today. after these numbers that we get now, after those we're going to be officially on recession watch going forward, meaning that we expect all the good numbers to kind of let's say peter out because of the fiscal cliff and what it's doing for hiring, or the lack of it. and speaking of the fiscal cliff, let me say to washington, no vacation without legislation. we will be v
't have a fiscal cliff deal to vote on this weekend. >> while both sides are talking about the need to compromise, it doesn't sound like either side is ready to make any serious concessions. 9news reporter delia goncalves is live on capitol hill with more. good morning, delia. >> reporter: good morning. many americans and some senators simply cannot believe with so much at stake here for the country that the house would essentially take a long weekend off at home. but many republicans believe they can do much more at home than here in washington. both sides remain at odds on how to solve the crisis. the two sticks points? obama's proposal to tax the wealth 2% and the debt ceiling, the $16.4 trillion debt ceiling is expected to hit its limit mid-february. democrats want to remove the limit therefore removing the threat of default. they say that would allow the government to pay off medicare benefits, military salaries and tax refunds. >> this is a solvable problem. the senate has already pass add bill that would make sure the middle class taxes do not go up next year by a single dime
. mr. dean just last night said having us go over the fiscal cliff actually wouldn't be the worst of ideas. if that's how we're going to go and president obama has said that he's not going to sign anything without the tax increase, fine, let them own it. have republicans take a step back and give president obama what he wants. >> i've got to get out. thanks to both of you. >> thank you. >> howard dean, we preeshtd it. and katie pavelich, we appreciate it. >>> egypt's government deployed tanks around the presidential palace today after clashes with protesters killed seven people. in syria, meanwhile, rebels continue to advance on damascus, prompting concern that president assad's regime will respond with chemical weapons. question, should the u.s. intervene in any of these here now is mark ginsburg, former white house middle east advisor. welcome back, mark. here's the thing. we drew a red line, president obama drew a red line over these chemical weapons of mass destruction. at what point do we have to start bombing them to prevent them from moving and utilizes those weapons of mas
-year low. the timing is interesting, obviously, just as we're learning that fiscal cliff negotiations are now a party of two, the president and the speaker. the "new york times" reporting that house speaker john boehner wants to speak only to president obama out of public view. though we've just learned that boehner is holding a news conference at 11:00 this morning eastern time. the fight, though, still very public. vice president joe biden is meeting with a middle class family. and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the president's leverage? >> i think they do. the big thing is the election. but the jobs numbers suggest that the economy is doing well a
the fiscal cliff. i screw up a recovery that finally has a little bit of momentum with a housing market carving out a bottom underneath it for the first time in years in a way this kind of raises the stakes to get it right because we seem to be kind of on track. >> rick, did they take out -- rick, did they add those government jobs to get below 8% and now they're taking them back? is that what happened? >> you know, you don't want to go there. >> i'll go anywhere. i'll go anywhere. >> i'll tell you what the number is. >> hey, hey, hey, hey! >> go ahead, rick. >> hey! >> i asked him. >> go ahead, rick. >> how about one second, steve? one second, all right? we lost 350,000 people in the labor force. we're at a time in our history where it's all about jobs and tax revenues. the only people who bring tax revenues to the party are people who work. and the discussion is mainly about the people that are working that are way at the top. i urge everybody to read the op-ed by our buddy peter shipp today because i've had so many discussions about, you know, in the '50s the tax rate was -- >> rick,
our economy right to the edge of the fiscal cliff. >> former presidential candidate and vermont governor howard dean says bring it on. going over the fiscal cliff will actually help america. he's going to make his case, very bold statement there, to someone whose company will be decimated by the spending cuts to defense companies. you do not want to miss this confrontation. ricans are alwayso work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> pretty clear apple stock is having its worst week in more than two years. let's get to bertha coombs with the details. >> tough end of the week ear. it's apple's horrible, awful week. today's decline saw shares hit a real technical weak point, the so-called death cross. that's where the 50-day m
Search Results 0 to 7 of about 8